AngularJS is a JavaScript framework developed by Google for building dynamic web applications. It uses MVC architecture and allows developers to write client-side code using HTML as the template language. Some key features include two-way data binding, directives for extending HTML, dependency injection, and testing. The document provides an overview of AngularJS and demonstrates how to build a sample web application for displaying Formula 1 driver standings using AngularJS concepts like controllers, services, expressions, and routing.